St Joseph Ambulatory Care Inc
St. Joseph Ambulatory Care Inc. Faces Financial Headwinds Amidst Revenue Declines
EIN: 222480373 · Bangor, ME · NTEE: E320 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $3.1M |
| Program Spending | 70% |
| Net Assets | $-3,079,367 |
| Transparency Score | 65/100 |
Is St Joseph Ambulatory Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Joseph Ambulatory Care Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About St Joseph Ambulatory Care Inc
St Joseph Ambulatory Care Inc (EIN: 222480373) is a nonprofit organization based in Bangor, ME, classified under NTEE code E320. The organization reported total revenue of $1.6M and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Joseph Ambulatory Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Joseph Ambulatory Care Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-1,506,210 |
| Total Assets | $151K |
| Total Liabilities | $3.2M |
| Net Assets | $-3,079,367 |
| Operating Margin | -94.9% |
| Debt-to-Asset Ratio | 2134.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2023, St Joseph Ambulatory Care Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 2134.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Joseph Ambulatory Care Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.7% | -38.4% | -93.5% |
| 2022 | +7.2% | +12.1% | +34.8% |
| 2021 | -2.0% | +3.0% | +7.7% |
| 2020 | -17.8% | -23.5% | +4.6% |
| 2019 | +73.2% | +70.6% | +59.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Joseph Ambulatory Care Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, St Joseph Ambulatory Care Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2134.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific figures for individual compensation are not included in the summary financial data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Joseph Ambulatory Care Inc's IRS 990 filings:
- Significant revenue decline from $4,376,647 in 2022 to $1,586,854 in 2023, representing a 63.7% decrease.
- Consistent reporting of 0% compensation from related organizations, which, while transparent, might suggest a lack of diversified funding or support networks.
- The organization has consistently reported a 0% lobbying expense, which could indicate a lack of advocacy efforts for its mission.
Strengths
The following positive indicators were identified for St Joseph Ambulatory Care Inc:
- Consistent public filing of financial data over many years (2016-2023) demonstrates a commitment to transparency.
- The organization maintains a positive asset balance, with assets of $151,334 in 2023.
- The organization has consistently reported 0% compensation from related organizations, which can be a strength in terms of avoiding conflicts of interest.
Frequently Asked Questions about St Joseph Ambulatory Care Inc
Is St Joseph Ambulatory Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Joseph Ambulatory Care Inc (EIN: 222480373) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does St Joseph Ambulatory Care Inc spend its money?
St Joseph Ambulatory Care Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Joseph Ambulatory Care Inc tax-deductible?
St Joseph Ambulatory Care Inc is registered as a tax-exempt nonprofit (EIN: 222480373). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Joseph Ambulatory Care Inc's spending goes to programs?
St Joseph Ambulatory Care Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does St Joseph Ambulatory Care Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), St Joseph Ambulatory Care Inc is above average for NTEE category E320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Joseph Ambulatory Care Inc located?
St Joseph Ambulatory Care Inc is headquartered in Bangor, Maine and files with the IRS under EIN 222480373. It is classified under NTEE code E320.
How many years of IRS 990 filings does St Joseph Ambulatory Care Inc have?
St Joseph Ambulatory Care Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
What does St Joseph Ambulatory Care Inc do?
St Joseph Ambulatory Care Inc is a nonprofit organization in the Health Care sector, located in Bangor, Maine. It is classified under NTEE code E320.
How much revenue does St Joseph Ambulatory Care Inc have?
St Joseph Ambulatory Care Inc reported total revenue of $1,632,428. Based on 13 IRS 990 filings on record.
What are St Joseph Ambulatory Care Inc's total assets?
St Joseph Ambulatory Care Inc holds total assets of $322,046 as reported in IRS 990 filings.
Where is St Joseph Ambulatory Care Inc located?
St Joseph Ambulatory Care Inc is based in Bangor, Maine.
What is St Joseph Ambulatory Care Inc's EIN?
St Joseph Ambulatory Care Inc's Employer Identification Number (EIN) is 222480373. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Joseph Ambulatory Care Inc?
St Joseph Ambulatory Care Inc is classified under NTEE code E320 (Health Care).
Is St Joseph Ambulatory Care Inc a registered 501(c)(3)?
Yes, St Joseph Ambulatory Care Inc is recognized as a tax-exempt organization by the IRS. EIN: 222480373.
Does St Joseph Ambulatory Care Inc file IRS Form 990?
Yes, St Joseph Ambulatory Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was St Joseph Ambulatory Care Inc's revenue in 2023?
In the 202312 filing period, St Joseph Ambulatory Care Inc reported total revenue of $1,586,854, total expenses of $3,093,064, and net assets of $151,334.
Is St Joseph Ambulatory Care Inc's revenue growing or declining?
St Joseph Ambulatory Care Inc's revenue is declining. Revenue went from $4,376,647 (202212) to $1,586,854 (202312), a -63.7% change. Based on 13 filings on record.
What is St Joseph Ambulatory Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for St Joseph Ambulatory Care Inc covers tax period 202312. It shows revenue of $1,586,854, expenses of $3,093,064, total assets of $151,334, and liabilities of $3,230,701.
How much does St Joseph Ambulatory Care Inc spend on programs vs administration?
Based on IRS 990 analysis, St Joseph Ambulatory Care Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is St Joseph Ambulatory Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, St Joseph Ambulatory Care Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for St Joseph Ambulatory Care Inc?
The following concerns were identified: Significant revenue decline from $4,376,647 in 2022 to $1,586,854 in 2023, representing a 63.7% decrease.. Consistent reporting of 0% compensation from related organizations, which, while transparent, might suggest a lack of diversified funding or support networks.. The organization has consistently reported a 0% lobbying expense, which could indicate a lack of advocacy efforts for its mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are St Joseph Ambulatory Care Inc's strengths?
Positive indicators for St Joseph Ambulatory Care Inc include: Consistent public filing of financial data over many years (2016-2023) demonstrates a commitment to transparency.. The organization maintains a positive asset balance, with assets of $151,334 in 2023.. The organization has consistently reported 0% compensation from related organizations, which can be a strength in terms of avoiding conflicts of interest.. These findings are derived from AI analysis of the organization's financial filings.
How does St Joseph Ambulatory Care Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific figures for individual compensation are not included in the summary financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is St Joseph Ambulatory Care Inc?
- The organization consistently reports 0% compensation from related organizations, indicating a clear separation of financial interests. - Detailed financial statements are publicly available, allowing for a thorough review of revenue and expenses. - The filings provide a consistent breakdown of assets and liabilities over several years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the primary driver behind the drastic revenue decline from 2022 to 2023, and how does the organization plan to address this to ensure long-term sustainability?
The provided data shows a sharp drop in revenue from $4,376,647 in 2022 to $1,586,854 in 2023. Without further operational details, the specific cause is unclear, but it warrants investigation into changes in service delivery, funding, or market conditions. The organization's plan to mitigate this decline is crucial for its future.
Given the consistent reporting of 0% compensation from related organizations, what is the organization's strategy for leveraging partnerships or collaborative efforts to enhance its mission and financial stability?
While 0% compensation from related organizations indicates independence, it also raises questions about potential missed opportunities for synergistic partnerships. Understanding how St. Joseph Ambulatory Care Inc. engages with other entities, if at all, beyond direct financial transactions, would provide insight into its broader operational strategy.
Filing History
IRS 990 filing history for St Joseph Ambulatory Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Joseph Ambulatory Care Inc's revenue has declined by 82%, moving from $8.8M to $1.6M. Total assets decreased by 85.3% over the same period, from $1.0M to $151K. Total functional expenses fell by 79.5%, from $15.1M to $3.1M. In its most recent filing year (2023), St Joseph Ambulatory Care Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $151K in assets (debt-to-asset ratio: 2134.8%), resulting in net assets of $-3,079,367.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $3.1M | $151K | $3.2M | — | — |
| 2022 | $4.4M | $5.0M | $2.3M | $3.9M | — | View 990 |
| 2021 | $4.1M | $4.5M | $1.7M | $2.7M | — | View 990 |
| 2020 | $4.2M | $4.3M | $1.6M | $2.1M | — | View 990 |
| 2019 | $5.1M | $5.7M | $1.5M | $1.9M | — | View 990 |
| 2018 | $2.9M | $3.3M | $967K | $743K | — | View 990 |
| 2017 | $4.2M | $4.4M | $1.1M | $80K | — | View 990 |
| 2016 | $5.3M | $6.5M | $1.1M | $2.3M | — | View 990 |
| 2015 | $10.9M | $16.8M | $1.4M | $2.4M | — | View 990 |
| 2014 | $13.5M | $22.0M | $2.8M | $3.1M | — | View 990 |
| 2013 | $10.7M | $18.3M | $2.5M | $2.8M | — | View 990 |
| 2012 | $9.6M | $15.9M | $1.9M | $1.3M | — | View 990 |
| 2011 | $8.8M | $15.1M | $1.0M | $839K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $3.1M, and assets of $151K (revenue -63.7% year-over-year).
- 2022: Revenue of $4.4M, expenses of $5.0M, and assets of $2.3M (revenue +7.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.5M, and assets of $1.7M (revenue -2.0% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.3M, and assets of $1.6M (revenue -17.8% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.7M, and assets of $1.5M (revenue +73.2% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.3M, and assets of $967K (revenue -30.0% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.4M, and assets of $1.1M (revenue -20.8% year-over-year).
- 2016: Revenue of $5.3M, expenses of $6.5M, and assets of $1.1M (revenue -51.7% year-over-year).
- 2015: Revenue of $10.9M, expenses of $16.8M, and assets of $1.4M (revenue -19.2% year-over-year).
- 2014: Revenue of $13.5M, expenses of $22.0M, and assets of $2.8M (revenue +26.4% year-over-year).
- 2013: Revenue of $10.7M, expenses of $18.3M, and assets of $2.5M (revenue +11.2% year-over-year).
- 2012: Revenue of $9.6M, expenses of $15.9M, and assets of $1.9M (revenue +9.0% year-over-year).
- 2011: Revenue of $8.8M, expenses of $15.1M, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Joseph Ambulatory Care Inc:
Data Sources and Methodology
This transparency report for St Joseph Ambulatory Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.